Core Viewpoint - The company, Haowei Group, successfully listed on the Hong Kong Stock Exchange, marking a significant milestone as the first semiconductor company to achieve an "A+H" dual capital platform layout in 2026 [1][4]. Fundraising and Financial Performance - Haowei Group raised approximately HKD 46.93 billion from the IPO, with 70% allocated for R&D, 10% for global market expansion, 10% for strategic acquisitions, and the remaining 10% for working capital [2][5]. - For the first three quarters of 2025, the company reported revenue of CNY 21.783 billion, a year-on-year increase of 15.20%, and a net profit of CNY 3.210 billion, up 35.15% [2][5]. - The company achieved a record high in Q3 revenue of CNY 7.827 billion and a net profit of CNY 1.109 billion [2][5]. Business Overview - Haowei Group is a global fabless semiconductor design company, focusing on image sensor solutions, display solutions, and analog solutions [2][5]. - According to Frost & Sullivan, Haowei Group is the third-largest digital image sensor supplier globally, with a market share of 13.7%, and the largest automotive CIS supplier with a market share of 32.9% [2][5]. Company History and Structure - Founded in 2007 as Weir Shares by Yu Renrong, the company went public on the Shanghai Stock Exchange in 2017 and rebranded to Haowei Group after acquiring OmniVision Technologies in 2019 [3][6]. - Yu Renrong holds 27.64% of the shares directly and controls approximately 33.57% through concerted actions [3][6]. - As of the end of 2024, the company employed 2,387 R&D personnel and held 4,861 authorized patents, with R&D investment reaching CNY 2.686 billion [3][6]. Market Outlook - The global CIS market is expected to grow, and the company aims to enhance its global strategic layout and technological innovation through its "A+H" dual capital platform [3][6].

Group 1 - The core viewpoint of the article highlights the significant decline in the stock prices of Howie Group, with H-shares dropping over 7% and A-shares falling more than 4% on January 13 [1] - The surge in storage chip prices is impacting the low-end smartphone market, leading downstream mobile clients to lower their shipment expectations for budget smartphones [1] - There is uncertainty in the CIS market by 2026, primarily due to the impact of rising storage chip prices and ongoing supply chain issues [1] Group 2 - According to a report by CMB International, the key to success for global CIS leaders lies in their ability to innovate continuously, focus on high-growth areas, and optimize costs while managing cost and supply chain pressures [1]

Core Viewpoint - The stock of OmniVision Technologies (H-shares) experienced a decline of over 7% on its second day of trading, reaching a low of 113 HKD, while its A-shares fell over 4% to 128 RMB [1] Group 1: Market Impact - The surge in storage chip prices is impacting the low-end smartphone market, leading to a downward adjustment in shipment expectations for budget smartphones [1] - The uncertainty in the CIS (CMOS Image Sensor) market by 2026 may stem from the impact of storage chip prices on the industry and the sustainability of supply capabilities on the production side [1] Group 2: Strategic Insights - According to a report by CMB International, the key to future global leadership in the CIS market will depend on the ability to address rising storage costs and supply chain pressures while continuing to achieve technological innovation, focusing on high-growth segments, and maintaining cost optimization [1]

豪威集团成立于1995年，是全球领先的Fabless（无晶圆厂）半导体设计公司之一，目前公司主体为韦尔 股份（603501.SH），由虞仁荣于2007年在上海创立，并于2017年5月在上交所主板挂牌上市。 因此，随着此次上市完成，豪威集团也成为继中芯国际、华润微、纳芯微后，又一家完成"A+H"双资本 平台搭建的半导体巨头。值得注意的是，兆易创新（603986.SH）、和辉光电（688538.SH）、江波龙 （301308.SH）等多家A股半导体公司也已相继披露赴港上市计划，这也意味着，这波国产A股半导体企 业赴股IPO热潮，或才刚刚开启。 01 图像传感器巨头崛起 回顾豪威集团的历史，也是中国半导体企业从本土崛起、逐步走向全球的缩影——其前身豪威科技 （OmniVision）成立于 1995 年，曾是纳斯达克上市的全球 CMOS 图像传感器（CIS）商业化进程中的 先行者之一。而今日豪威集团的核心人物——虞仁荣，则于 2007 年在上海创立了韦尔股份。 2019年，韦尔股份完成了被称为"蛇吞象"的经典收购，以约150亿元人民币的价格将豪威科技收入囊 中。通过这场并购，韦尔股份也实现了从电子元器件分销商向全球高 ...

Core Viewpoint - The successful listing of OmniVision Technologies (豪威集团) on the Hong Kong Stock Exchange marks a significant milestone for Chinese semiconductor companies, reflecting a broader trend of domestic firms pursuing dual listings in both A-shares and H-shares to enhance their global presence and attract international capital [1][5][7]. Company Overview - OmniVision Technologies, founded in 1995, is a leading Fabless semiconductor design company, primarily focused on image sensors and related solutions [2][3]. - The company was acquired by Weir Group (韦尔股份) in 2019 for approximately 15 billion RMB, facilitating its transformation into a high-end semiconductor design firm [2]. - As of 2024, OmniVision is the third-largest supplier of digital image sensors globally and holds a 32.9% market share in the automotive CIS market [2][3]. Financial Performance - OmniVision's revenue increased from 20.04 billion RMB in 2022 to 25.71 billion RMB in 2024, with a significant rise in net profit from 544 million RMB in 2023 to 3.279 billion RMB in 2024 [3]. - For the first three quarters of 2025, the company reported revenue of 21.783 billion RMB, a year-on-year growth of 15.20%, and a net profit of 3.210 billion RMB, up 35.15% [3]. Market Trends - The listing of OmniVision is part of a broader trend of semiconductor companies in China accelerating their capital market activities, particularly in Hong Kong [5][6]. - The semiconductor sector has become a focal point for IPOs in Hong Kong, with several companies, including GPU leader Biren Technology, successfully listing and attracting significant investment [6][7]. - The rise of AI and smart automotive technologies is driving demand for semiconductors, prompting domestic firms to seek financing through public listings to expand capacity and accelerate technological advancements [7]. Strategic Direction - OmniVision aims to leverage its dual listing to enhance its global strategy, focusing on technological innovation and collaboration with global partners [4].

Core Viewpoint - Haowei Group, a semiconductor design company based in Shanghai, successfully listed on the Hong Kong Stock Exchange on January 12, 2026, raising approximately HKD 48 billion through its IPO [2][12]. IPO Details - The IPO involved a global offering of 45.8 million shares, accounting for 3.65% of the total shares post-issue, with a pricing of HKD 104.80 per share, resulting in a net fundraising amount of approximately HKD 46.93 billion [3][12]. - The public offering was oversubscribed by 9.28 times, while the international offering was oversubscribed by 9.73 times [3][13]. - Key cornerstone investors included Boyu Capital, UBS, and several others, contributing a total of USD 279.4 million [3][13]. Company Profile - Haowei Group specializes in the design and development of high-performance integrated circuits (ICs), focusing on three main product lines: image sensor solutions, display solutions, and analog solutions [3][13]. - According to Frost & Sullivan, Haowei Group is projected to be one of the top ten fabless semiconductor companies globally by revenue in 2024, and it ranks as the third-largest supplier of digital image sensors and the largest supplier of automotive digital image sensors [3][13]. Market Performance - On its first trading day, Haowei Group's stock closed at HKD 121.8, reflecting a 16.22% increase from the IPO price, with a total market capitalization of approximately HKD 152.917 billion [3][14]. Underwriting Team - The underwriting team for the IPO included major financial institutions such as UBS, CICC, and others, serving various roles including joint sponsors and coordinators [6][17].

Core Viewpoint - The successful IPO of OmniVision Technologies (豪威集团) on the Hong Kong Stock Exchange marks the third IPO led by billionaire Yu Renrong, with significant market interest reflected in a 16.22% increase on the first trading day [2][4]. Company Overview - OmniVision Technologies is a global fabless semiconductor design company and ranks among the top ten fabless semiconductor companies worldwide [3][9]. - The company specializes in CMOS image sensors (CIS), which are its core products, and operates in three main business segments: image sensor solutions, display solutions, and analog solutions [9]. Financial Performance - For the first three quarters of 2025, OmniVision reported a net profit attributable to shareholders of 3.21 billion yuan, representing a year-on-year increase of over 35% [3][9]. - The company achieved a net profit of 3.32 billion yuan in 2024, reflecting a remarkable year-on-year growth of 498.11% [9]. - OmniVision's revenue for the first three quarters of 2025 reached 21.78 billion yuan, up 15.20% year-on-year [9]. IPO Details - The IPO raised 4.8 billion HKD (approximately 4.32 billion yuan), with 70% of the funds allocated for key technology research and development [3][11]. - The company issued 45.8 million H-shares at a price of 104.8 HKD per share, with a net fundraising amount of 4.693 billion HKD after deducting listing expenses [3][4]. Market Position - OmniVision is the third-largest supplier of CIS globally, with a market share of 13.7%, trailing only Sony and Samsung [9]. - In the automotive CIS sector, the company holds a leading market share of 32.9%, making it the largest supplier in this category [9]. Investment and Ownership - Yu Renrong, the actual controller of OmniVision, holds a total of 31.15% of the company's shares, with a personal wealth estimated at 50 billion yuan [5][6].

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "韦尔转债," due to the issuance of new shares as part of its H-share listing process on the Hong Kong Stock Exchange [5][8]. Group 1: Convertible Bonds Information - The company issued 24.40 billion CNY worth of convertible bonds, totaling 24.4 million bonds, which were listed on January 22, 2021 [2]. - The conversion price before adjustment was 161.84 CNY per share, which has been adjusted to 159.38 CNY per share effective from January 14, 2026 [5][6]. - The adjustment was made in accordance with the company's bond issuance prospectus, which stipulates that the conversion price will be adjusted in the event of new share issuance [4][6]. Group 2: H-share Listing Details - The company is conducting a global offering of 45.8 million H-shares, with 4.58 million shares available for public offering in Hong Kong, representing 10% of the total offering [3][8]. - The offering price for the H-shares is set at 104.80 HKD per share, equivalent to approximately 94.28 CNY per share [3]. - The estimated net proceeds from the global offering, assuming no exercise of the over-allotment option, is approximately 4.742 billion HKD [8].

豪威集团表示，此次港股上市是公司向高质量发展、链接全球的重要里程碑。豪威集团总经理高文宝在 上市仪式上表示，依托"A+H"双资本平台，公司将持续完善全球化战略布局，坚持技术创新，携手全球 伙伴与人才，以科技赋能无限，共创智能可持续的未来。 中证报中证网讯（记者 乔翔）2026年1月12日，豪威集团在香港联合交易所主板挂牌上市，成为国内 CIS领域首家实现"A+H"上市的企业。 作为一家全球化Fabless（无晶圆厂模式）半导体设计公司，CMOS图像传感器（CIS）是豪威集团主要 产品。豪威集团主要从事三大业务线，包括图像传感器解决方案、显示解决方案以及模拟解决方案，能 够提供多样化的图像传感器、显示产品、模拟IC和其他半导体组件组合。 本次全球发售共计4580万股H股，最终发行价敲定每股104.80港元，募资总额约48亿港元（绿鞋前）， 由瑞银、中金公司、中国平安资本、广发证券担任联席保荐人，募集资金将用于研发投入、全球市场渗 透等方向，也将进一步支撑公司在高增长赛道的拓展与全球化布局。 ...

1月12日，豪威集成电路(集团)股份有限公司(以下简称"豪威集团（603501）")正式在香港联合交易所主 板挂牌上市。截至当日港股收盘，公司股价较发行价上涨16.22%，报121.80港元/股，市值突破1500亿 港元。 据悉，本次豪威集团全球发售共计4580万股H股，最终发行价确定每股104.80港元，募资总额约48亿港 元(绿鞋前)。本次发行由瑞银、中金公司（601995）、中国平安资本、广发证券担任联席保荐人，所募 资金将用于研发投入、全球市场渗透等方向，进一步支撑公司在高增长赛道的拓展与全球化战略布局落 地。 作为一家全球化Fabless(无晶圆厂模式)半导体设计公司，CMOS图像传感器(CIS)是豪威集团的主要产 品。该公司主要聚焦三大业务线：图像传感器解决方案、显示解决方案及模拟解决方案，可提供多样化 的图像传感器、显示产品、模拟IC(集成电路)及其他半导体组件组合。根据国际研究咨询公司 Frost&Sullivan数据，按2024年图像传感器解决方案收入统计，豪威集团位列全球第三大数字图像传感 器供应商，市场份额达13.7%。 近年来，豪威集团持续丰富多元化产品矩阵，凭借深厚的技术积累、广泛的 ...